5868 Old Jacksonville HwyTyler, TX 75703

Property Details for 5868 Old Jacksonville Hwy

Year built

2019

Construction

STEEL FRAME

Lot size

1.93 AC

Property size (Sq ft)

17,882 SF

Property type

Retail space

APN

1-50000-1554-03-008020

APU

150000155403008020

Description

The Commons, located at 5868 Old Jacksonville Hwy in Tyler, Texas, 75703, offers a prime retail or restaurant opportunity. This Class A, single-story building, constructed in 2019, boasts a total of 18,030 square feet, with 2,095 square feet currently vacant. The property is zoned C-1 and features multiple tenancies. Its strategic location on Old Jacksonville Highway benefits from high visibility and significant daily traffic volume (38,781 vehicles per day). The Commons is part of a thriving retail center, anchored by established businesses such as Starbucks, Which Wich, and Pet Supplies Plus. Nearby, you'll find additional retail giants including Walmart Neighborhood Market, McDonald's, Sonic, Taco Bell, Whataburger, and Dutch Bros Coffee, creating a strong synergy and high foot traffic for potential tenants. This exceptional property presents a unique chance to establish or expand your business in a bustling and well-established commercial area. The available space is ideal for a variety of retail or restaurant concepts, offering excellent potential for growth and profitability. The property's modern design and prime location make it an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $5,788,995

  6.5%

  $5,343,688

  7%

  $4,961,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,590,932

  Geo Method

  $13,491,304

• Alternative Use

  Use

  Valuation

  Residential

  $4,507,600

  Hospitality

  $4,128,938

  Educational

  $3,435,228

  Medical

  $3,553,370

  Retail

  $5,343,688

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.2848

Longitude

-95.3301

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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